Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings. The United States slipped from the top spot, while economic uncertainty took its toll on conditions in Europe. Singapore’s rise to the...
United Overseas Bank Limited (UOB), Singapore Exchange Limited (SGX) and the China Chamber of International Commerce (CCOIC)have signed a Memorandum of Understanding (MOU) to help Chinese enterprises use Singapore as a launchpad to expand into ASEAN.  The tripartite alliance builds on UOB’s existing collaboration...
Peer-to-peer rental platform MyRent has launched in Singapore recently. MyRent seeks to help Singaporeans monetise their belongings by renting their items out to its community of users. MyRent was co-founded by Ishwar Dhanuka, Mark Kok, and Rahul Sharma. “The idea behind MyRent is to...
Acropower has signed an agreement with Chew’s Agriculture Pte Ltd (CAPL) to build, own and operate a waste-to-energy power plant that will convert poultry waste into energy. Acropower is an 80%-owned subsidiary of ACROMEC, a specialist engineering service provider in the field of controlled...
Singapore’s Ministry of Trade and Industry (MTI) has downgraded the Singapore’s GDP growth for 2019 at 1.5 to 2.5 per cent. In the last Economic Survey of Singapore published in February, MTI highlighted that growth in most of the key advanced and regional economies...
The latest MyExpatriate Market Pay survey published annually by ECA International, a human resources consultancy has revealed that expatriate pay packages in Singapore rose by US$ 13,163 in 2018 to a total of US$ 236,258, including an average cash salary of US$ 90,170. When...
Global small business platform Xero has revealed that a total of S$4.1 billion worth of invoices were paid late to small businesses in Singapore in 2018. Data from the platform also indicated that last year only 39% of payments to Singapore small businesses...
Asset-based finance (ABF) software company HPD LendScape has opened its first Asian office in Singapore. To mark the opening, the company, together with FCI – a global network of commercial ABF providers – will hold a half-day receivables finance workshop in Singapore with over 30 regional and global banks...
The Asian Development Bank (ADB) has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses. The grant—one of three awarded under the inaugural call for proposals—enhances ADB’s support...
Singapore, Chile and New Zealand launched trilateral talks on the Digital Economy Partnership Agreement (DEPA) on the sidelines of the APEC Ministers Responsible for Trade (MRT) Meeting Chile recently. Digitalisation has transformed business models and trade, opening up unparalleled opportunities and choices for businesses...